GRAND & GRACIOUS 3 LEVEL FREESTANDING 23 ROOM ICONIC BEACH SIDE BOARDING HOUSE

2 Kurrawa Ave, Coogee NSW 2034, Australia
  • 23
  • 9
FORTHCOMING AUCTION
  • Description
  • Details
  • Inspections

Description

Featuring:

  • A prized & valuable beach side location
  • Well- presented throughout with 23 various room sizes
  • Large modern eat in communal kitchen, common living and dining area’s
  • 3-4 common bathrooms on each level, 9 bathrooms in total
  • Separate coin operated laundry
  • A Proven & secure prime residential investment
  • Current Net income $310,828.00
  • Further scope to increase current yield with minor improvements
  • Classic period façade enjoying a sunny east facing aspect
  • Land size 330sqm | Zoning R3 Medium Density | FSR 0.9:1 | Height Limit 12 metres
  • Fully fire compliant, council approved class 3 boarding house
  • Timber floors and very high ceilings throughout
  • Rear external fire escape, accessible rooftop access
  • Magnificent open rooftop with stunning ocean & Beach views with further development Potential (STCA)
  • Prime location in one of the Eastern Suburbs prized beach side locations
  • Metres from the golden sands and blue water of stunning Coogee Beach
  • Stroll to buses, shops, cafes, eateries and famed licensed premises Coogee has to offer

A secure residential investment opportunity with the flexibility of 23 separate lettings in a prized and renowned international tourist destination.

Detail

Updated on December 6, 2019 at 8:43 am

  • Property ID: DET-6833
  • Price: FORTHCOMING AUCTION
  • Land Size: 330 m²
  • Bedrooms: 23
  • Bathrooms: 9
  • Property Type: Boarding house
  • Property Status: Auction, Commercial Auction, Commercial Sales, Residential Sales
  • Auction Details: FORTHCOMING AUCTION

Inspection:

As Advertised or by Appointment